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Question
Answer the following question.
Distinguish between 'secondary' and 'tertiary' sectors.
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Solution
The secondary sector of the economy manufactures finished goods. All of the manufacturing, processing, and construction lies within the secondary sector. Activities associated with the secondary sector include metalworking and smelting, automobile production, textile production, chemical and engineering industries, aerospace manufacturing, energy utilities, engineering, breweries and bottlers, construction, and shipbuilding.
The tertiary sector of the economy is the service industry. This sector provides services to the general population and to businesses. Activities associated with this sector include retail and wholesale sales, transportation and distribution, entertainment (movies, television, radio, music, theater, etc.), restaurants, clerical services, media, tourism, insurance, banking, healthcare, and law.
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Fill in the blank using the correct option given in the bracket:
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| Table- A | |||
| Share of Sectors in GDP in % | |||
| Year | Tertiary | Secondary | Primary |
| 1973-74 | 50 | 10 | 40 |
| 2013-14 | 68 | 21 | 11 |
| Table- B | |||
| Share of Sectors in employment in % | |||
| Year | Tertiary | Secondary | Primary |
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| 2017-18 | 31 | 25 | 44 |
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